Buy based on Weekly DeMark 9 Buy Set Up

Long

SAVANNAH RESOURCES PLC ORD GBP0.01 (LSE:SAV)

Updated

LSE:SAV SAVANNAH RESOURCES PLC ORD GBP0.01

Weekly chart shows a Demark sequential 9 bar print buy setup. Also prints off descending trendline and test of breakout. Tallies with fundamental global reflation narrative supportive of commodities. Expect this share to double from here. Target 9.3p then 12p on Fib projections from monthly chart.

Comment:

Well, this has played out very well. Broken out from wedge with large thrust (on good news). Next target is 12p based on fib projections from swing high to low.

Comment:

This set-up is going very well and further evidence of the potency of the Demark Sequential. I expect this share to reach at least 12p

Trade active:

Going well - this share has exploded higher out of the consolidation wedge and aforementioned Demark Set-Up and is currently at 13.25p per share.

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